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MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
AWA
INC (AUSTRIAN WORLD ASSOCIATION INC) |
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Registered Office : |
2-14 Takatsukacho Nishinomiya City Hyogo-Pref
662-0066 Japan |
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Country : |
Japan |
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Date of Incorporation : |
July
1994 |
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Legal Form : |
Private Limited Company (Yugen
Kaisha) |
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Line of Business : |
Import, wholesale, retail of
wines from Austria |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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Maximum Credit Limit : |
YEN 1.8 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
AWA INC (AUSTRIAN WORLD ASSOCIATION INC)
REGD NAME
YK A. W. A.
MAIN OFFICE
2-14 Takatsukacho Nishinomiya City
Hyogo-Pref 662-0066 JAPAN
Tel :
0798-72-7022
Fax :
0798-72-5021
URL : http://www.awa-inc.com/
E-Mail address : awa@awa-inc.com
ACTIVITIES
Import, wholesale, retail of
wines from Austria
BRANCHES
Nil
OFFICERS
NORBERT TESCH, PRES (Austrian
resident)
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 140 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND UP WORTH Yen 10 M
STARTED 1994 EMPLOYES 4
COMMENT
MPORTER OF AUSTRIAN WINES. FINANCIAL SITUATION RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.8
MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established
originally in 1990 by Norbert Tesch, an Austrian businessman residing in Japan,
for importing wines from Austria, as Tesch International, on his account. Born in Austria (Neckenmarkt, Burgenland),
studies alcohol distillation machinery at Tech School, also of a grape farm
family, he decided to import wines from Austria. What motivated him to start
import of Austrian wines was the fact that “Austrian wines tend to hide in the shadow of French & Italian wines”
in the Japanese market. Incorporated in
1994, as AWA Inc (Austrian
World Association Inc), the firm today imports more than 100 brands directly
from dozens of Austrian wineries. (See Supplier). Wines are wholesaled and retailed including online sales. Also handles “Eggenberg” beer and “Stroh”
rum.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal
term amounted to Yen 140 million, a 16% up from Yen 121 million in the previous
term. Sales networks expanded into
hotel groups & chain stores. The
net profit was posted at Yen 1 million, up from a minimum amount the previous
year.
For the current term ending Dec 2006
the net profit is projected at Yen 1 million, on a 7% rise in turnover, to Yen
150 million. Weaker Yen may contribute
to sales growth in Yen terms.
The financial situation is considered
RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 1.8
million, on 30 days normal terms.
REGISTRATION
Date Registered : Jul 1994
Legal Status : Private Limited Company (Yugen Kaisha)
Regd Capital : Yen 5 million
Major shareholders (%) : Norbert Tesch (100)
Nothing detrimental is known as to his
commercial morality.
OPERATION
Activities: Imports, wholesales and
retails Austrian wines, beer, rum, wine glasses, other (--100%).
Imports directly from Austrian
wineries.
Wines are sold online, too.
Clients
[Department stores, hotels, wine shops,
chain stores, consumers] Hankyu Department Stores, Hotel New Otani, Royal
Hotel, Hilton Hotel group, Tokyu Department Stores, other.
No. of accounts
200
Domestic areas of activities
Nationwide
Suppliers
[Wineries] Weingut Kracher, Ochs,
Brundlmayer, Eggenberg, Jurtsclitoh Sconhof,
Arachon, Beisteiner, Weninger, Tement, F Pichler, Hirtzberger, Steininger,
Prager, Emmerich Knoll, Domane Muller,
Stroh, Leithaberg, Krug, Bussek, Elfenhof, Mayer, Gobelsburg, other. Also from Sojitz Machinery, Nichifutsu
Shoji, Riedel
Japan, and some other domestic
suppliers.
Payment record
Regular
Location
Business area in Nishinomiya City,
adjacent to Kobe City. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Nishinomiya)
Bank of Tokyo-Mitsubishi UFJ
(Osaka-Chuo)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual Sales |
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150 |
140 |
121 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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1 |
1 |
0 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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10 |
9 |
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Capital, Paid-Up |
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5 |
5 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
7.14 |
15.70 |
0.83 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
0.67 |
0.71 |
0.00 |
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Note: Financials are not
disclosed only except the above partial figures.
Estimate figures for the
31/12/2006 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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